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$235,000
Est. payment /mo
4,356 Sqft Lot
Active
3918 High ST Ecorse City, MI 48229
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Subdivision George E Cicottes Everbloom Sub
MLS Listing ID 81026015371
Year Built 1929
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
INVESTMENT PORTFOLIO SALE - TWO FULLY LEASED DUPLEXES - SOLD AS ONE PACKAGE FOR $235,000........This rare opportunity includes 37 W Woodward Ave and 3918 High St, both located in Ecorse and fully occupied with strong performing tenants delivering immediate cash flow. The portfolio consists of four total rental units with a combined monthly rental income of approximately $4,763 and annual gross income of approximately $58,304. Current net operating income is approximately $43,381, providing an exceptional cap rate for investors seeking stabilized returns with upside potential.......37 W Woodward features two 2-bedroom units generating $900 and $1,000 per month. 3918 High St features two 3-bedroom units generating approximately $1,500 and $1,363 per month. Both properties include separate basements, individual utilities, and strong tenant occupancy with consistent payment history........ Properties are being sold together as a package only.PACKAGE SALE - This listing is part of a two-property portfolio including:
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229.
....PROPERTY ID:34005040015000
( 37 W Woodward Ave Ecorse MI 48229....
PROPERTY ID: 34-006-06-0008-002) ....( 3918 High St. Ecorse, MI 48229.
....PROPERTY ID:34005040015000
Location
State MI
County Wayne
Area Area05145Ecorse
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry InBasement
Exterior
Parking Features Concrete, Paved
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Ecorse
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional

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Listed by Jeffrey Brikho of Brikho Properties
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